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NEW DELHI: Network security provider Sourcefire has announced its plans to target the enterprise IT and Network infrastructure market in India.
Sourcefire provides intrusion prevention and detection systems (IDS), intrusion prevention systems (IPS) and Network Behavior Anomaly Detection (NBAD) solutions to the enterprise IT marketplace.
Sourcefire Inc. international sales vice-president Allen Male said, “This year, and specifically in 2007, we are going to put a lot of focus on the markets in India and China. India specifically is interesting because of the phenomenal growth and increasing maturity of the enterprise IT and network infrastructure. Most enterprises have had firewalls for a couple of years now and they are starting to realize the benefits of intranet and network monitoring and intrusion prevention - precisely the requirement that Sourcefire can best address.”
Currently, Sourcefire is on track to do about $50million this year. Male said, “We have been growing at an average rate of about 150 per cent to 200 per cent year over year since we were founded in 2002. We're one of the fastest growing companies in the world. About 20 per cent of our revenue is outside of North America; that's envisioned to grow significantly in the coming two years.”
The company targets the enterprise but doesn’t have any specific vertical focus. Male added, “We have solid customer base in all vertical industries and government segments around the world. Our 3D approach - Discover, Determine, Defend – is the first and only comprehensive intelligent network defense system that unifies intrusion and vulnerability management technologies to provide customers with the most effective, real-time network security for today's real world challenges.”
Martin Roesch, the creator of Snort, an open source intrusion prevention and detection technology, founded Sourcefire in 2001. To date, Sourcefire has raised almost $54 million. In July 2006, Cross Creek Capital, L.P., a wholly owned subsidiary of Wasatch Advisors, Inc. joined the Sourcefire investor syndicate. In May 2006 Sourcefire secured $20 million in Series D funding led by Meritech Capital Partners, provider of late-stage venture capital to IT companies.
The new capital is expected to provide Sourcefire with both a “bullet-proof” balance sheet and the resources needed to aggressively pursue new market opportunities and product innovations.
© CyberMedia News
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